OCTOBER KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased 25,400 to 12,665,800. Unemployment decreased 7,600 to 680,300. Unemployment rate decreased by 0.1 pts to 5.1%. Participation rate remained steady at 65.6%. Monthly hours worked in all jobs increased 3.6 million hours (0.2%) to 1,761.8 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 32,800 to 12,671,500. Full-time employment increased 42,300 to 8,703,700 and part-time employment decreased 9,500 to 3,967,900. Unemployment increased 4,600 to 672,100. The number of unemployed persons looking for full-time work ... (full story)

Australian employment growth surged in October, keeping the unemployment rate steady despite an increase in labour market participation. According to the Australian Bureau of Statistics (ABS), employment jumped by 32,800 in seasonally adjusted terms, breezing past market expectations for a smaller increase of 20,000. September’s jobs increase, originally reported at 5,600, was also revised up to show a gain of 7,800. Making the headline increase all the more spectacular, it was entirely driven by full-time employment which rose by 42,300, more than offsetting a 9,500 decline in part-time workers. Mirroring the strong ... (full story)

The Australian economy added 32,800 jobs in October, maintaining the unemployment rate at 5 per cent, and presenting further evidence that the labour market is getting tighter after fresh data this week showed wages advanced the most in three years. New figures released by the Australian Bureau of Statistics on Thursday revealed 42,300 full-time roles were added during the month. Part time roles dropped 9,500. While only 5,600 jobs were created in September, excluding the impact of any revisions, the participation rate declined to 65.4 per cent from 65.7 per cent and the headline rate fell to 5 per cent from 5.3 per ... (full story)